Posts
Perhaps the Europeans made a wise choice after all in selecting the dark horse candidate of former Belgian Prime Minister, Herman van Rompuy, as the new EU President.
A quick look at the nation's debt to gdp ratio will show something very interesting. I borrowed the graph from Paul Krugman's NY Times blog to make the opposite point that Krugman and other financial luminaries have been harping on - that van Rompuy's selection is a poor choice b/c he is not aggressive enough on deflation. Perhaps the wily Belgian knows something that the rest of the West does not.
http://www.telegraph.co.uk/news/worldnews/europe/eu/6609924/Profile-Herman-Van-Rompuy-EUs-new-president.html
http://krugman.blogs.nytimes.com/2009/11/22/joke-europeans/
